Preestablished harmony: The Japanese government's demand for Japanese government bonds
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Onji, Kazuki
Kameda, Keigo
Akai, Nobuo
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Elsevier
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The Japanese government is heavily indebted but the yield on the Japanese government bond (JBG) remains low to date. We hypothesize that the presence of the Japanese government as a large stable investor of JGBs exerted a stabilizing influence on private
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Japan and the World Economy
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2037-12-31
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